Business and Finance News
- Dow falls more than 400 points for second day in row
Colorado Springs News.Net
The Dow Jones industrials finished more than 400 points lower Thursday, after a similar fall on Wednesday.
- US Congress delays car bailout plan
Colorado Springs News.Net
Democrats in the US Congress have been unable to secure the numbers to get auto-industry bailout legislation through Congress.
- Canada court rejects airline fee for obese passengers
Colorado Springs News.Net
The Supreme Court in Canada has upheld a ruling that obese and disabled people will be able to have two seats for the price of one on domestic flights.
- Colgate-Palmolive riots flare in Nepal
Colorado Springs News.Net
There has been a massive upheaval at the factory of Colgate Palmolive in Nepal, with the company announcing the sale of the company after 20 years of operations.
- Travel agents want a return to commission structure
Colorado Springs News.Net
Travel agents associations in India have called on air operators to withdraw the transaction fee system they introduced on to reinstate the earlier five percent travel agents commission.
- Michael Jackson to appear in London court
Colorado Springs News.Net
Pop legend Michael Jackson will give evidence in person at London's High Court to defend allegations that he owes $7 million to an Arab sheikh.
- African country becomes recipient of US funds
Colorado Springs News.Net
The government in Ghana has put aside funds for development projects, such as the rebuilding of schools and other buildings destroyed by floods.
- UK government ready to take Royal Bank of Scotland shares
Colorado Springs News.Net
Royal Bank of Scotland shareholders are due to vote on whether to accept a £20bn government bail-out.
- Best US used cars prices revealed
Colorado Springs News.Net
An annual projection of US used car prices has shown Honda and Toyota cars have best resale value.
- Alitalia set for transfer to new owner
Colorado Springs News.Net
The Italian airline, Alitalia, still needs to satisfy the government before the sale to an Italian business group can be completed.
- Dutch bar owners want smoking ban lifted
Colorado Springs News.Net
Cafe and bar owners in the Dutch town of Tilburg have announced plans to identify smoking inspectors on the Internet.
- Auto executives blasted over private jet use
Colorado Springs News.Net
A private citizens group in the US has objected to the use of luxury jets, which flew US auto executives to Washington.
- Federal Reserve looks at interest rates
Colorado Springs News.Net
The US Federal Reserve has said the US will face the likelihood of significant weakness in the economy, and has suggested additional policy easing in interest rates could well be appropriate.
- US mortgage applications on the slide
Colorado Springs News.Net
Applications for US mortgages have gone down by volume, to a seasonally adjusted 6.2 percent.
- Boeing announces more job cuts
Colorado Springs News.Net
Boeing has announced it will cut about 800 jobs from its defence unit in Wichita, Kansas.
- Mark Robinson appointed CEO of Citi South Asia
Colorado Springs News.Net
Mumbai /Hong Kong, (ANI/ Business Wire India): Mark Robinson has been appointed Chief Executive Officer of Citi South Asia. Based in Mumbai, he will lead Citi's significant banking franchise in India, Sri Lanka and Bangladesh, and also join the Asia Pacific Executive Committee. Robinson succeeds Sanjay Nayar, who is leaving the firm to pursue other opportunities.
- Asian markets resume slide amid mounting US financial woes
Colorado Springs News.Net
Asian stock markets took heavy losses Thursday, reflecting widespread gloom about US economic troubles and another bad day on Wall Street.
- Meditation and yoga prescribed for Wall Street brokers
Colorado Springs News.Net
The constant fluctuations on Wall Street can grate on even the toughest businessman's or businesswoman's nerves.
- Dow falls to five-year low
Colorado Springs News.Net
US stocks slid more than 5 percent Wednesday, taking the Dow Jones Industrial Average below the 8,000 mark for the first time in five years, amid gloomy financial news and fear for US automakers.
- Microsoft rules out new takeover bid for Yahoo
Colorado Springs News.Net
Microsoft CEO Steve Ballmer Wednesday ruled out a new takeover bid for troubled web portal Yahoo, but stressed that the software giant was still interested in partnering with Yahoo on search-related products.
- Banks, investment firms borrow less from Fed
MSNBC
Commercial banks and investment firms reduced borrowing from the Federal Reserve's emergency lending program over the past week, although demand for the loans was still elevated.
- TD Bank Financial 4Q earnings to plummet
Business Journal
The company earned $5.48 per diluted share in the year-earlier...
- Fannie Mae, Freddie Mac halt some foreclosures
Reuters
Fannie Mae and Freddie Mac, the two biggest home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, one of the biggest...
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